JBL - This Apple Supplier Deserves to Be on Your Watchlist
Jabil 's (NYSE: JBL) stock recently rose after the electronics manufacturing company's fourth-quarter numbers beat Wall Street's expectations.
Its revenue rose 11% year-over-year to $7.3 billion, beating estimates by over $1 billion. Its core ( non-GAAP ) earnings rose 10% to $151.4 million, or $0.98 per share, clearing expectations by $0.31.
For the first quarter, Jabil expects its revenue to decline by 3% to 11% year-over-year, compared to expectations for a 3% drop. But on the bottom line, it expects its core EPS to rise 10%-29% -- while analysts expect a 3% decline.
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This Apple Supplier Deserves to Be on Your Watchlist